Macau Yearbook 2013 - Macao Yearbook

EconomyRegistered Auditors and AccountantsAt the end of 2012, there were 13 registered auditing companies, 110 registered auditors and 169registered accountants in Macao.The “Mainland Factor” in Macao’s EconomyUnder the principle of “One country, two systems”, the Government actively strengthenseconomic and trade interaction and cooperation with provinces and cities on the mainland throughappropriate institutions and mechanisms, further developing Macao’s role as a gateway and bridge.Implementation of CEPA on 1 January 2004 and the framework agreement for Pan-Pearl RiverDelta (PPRD) regional cooperation signed in June 2004 marked new milestones for economic andtrade cooperation between Macao and the mainland. Macao’s emphasis on economic cooperationwith the mainland and the use of the enormous China market as its hinterland has enhanced itseconomic position.At the same time, mainland capital has become the growth engine for Macao’s economicdevelopment. Mainland-funded enterprises mainly engage in manufacturing, trade, finance, tourism,construction, transportation and insurance.The Outline of the Plan for the Reform and Development of the Pearl River Delta (hereinafterreferred to as “the Outline”), introduced by the National Development and Reform Commission inJanuary 2009, sets out the blueprint to develop the Pearl River Delta into a large metropolitan regionof top global competitiveness; it will be mainly driven by the mutual cooperation and synergiesamong Guangdong, Hong Kong and Macao.In March 2011, the 12th Five-Year Plan included a chapter on Macao and Hong Kong thatmentioned strengthening of cooperation between mainland China, Hong Kong and Macao andthe continued implementation of CEPA; support for developing Macao into a world tourism andleisure centre and speeding up development of the economic and trading service platform betweenChina and Portuguese speaking countries; support for establishing a more diversified economy andspeeding up development of industries such as tourism, MICE (Meetings, Incentives, Conventions,and Exhibitions), Chinese medicine, education, as well as cultural and creative industries.Statistics from the Ministry of Commerce show that the volume of trade between Macao andmainland China was 2.99 billion US dollars, up 18.6 percent year on year. During the whole of2012, Macao had 303 investment projects in mainland China, with an actual investment value of510 million US dollars. The cumulative total of Macao’s mainland China investment projects was13,142 at the end of December 2012, with an actual investment value of 10.89 billion US dollars.Macao investments accounted for 0.85 percent of mainland China’s cumulative total of foreigninvestments.The Mainland China and Macao Closer Economic PartnershipArrangement (CEPA)The Mainland China and Macao Closer Economic Partnership Arrangement (CEPA) is an163